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Nigeria Has Moved Out Of Recession – World Economics

Posted: 22 March, 2017 at 09:49 am
Nigeria Has Moved Out Of Recession – World Economics
Nigeria Has Moved Out Of Recession – World Economics Photo 1

According to World Economics, Nigeria's economy has climbed out of recession.

World Economics is an organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the world economy.

In a message on its website, the organization believed that things were turning around in Nigeria.

It wrote, “March Sales Managers' Index (SMI) data suggests that the Nigerian economy is starting to grow out of the recession which saw 10 months of consecutive contraction.

“The Market Growth Index grew to 53.5 in March as the monthly Sales Growth Index edged up to 51.3, its highest value since March 2016.

“It is too early to speculate if the recovery is built on solid fundamentals for a sustained recovery but the changes reflected are not insubstantial.

“Price inflation for March, which is tracked by the Prices Charged Index, remained high at 61.3 – and indicative that very high levels of inflation continue.

“Overall, conditions in Nigeria have improved over the past month and managers are expressing optimism that the economy will continue to grow.”

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Recent Replies (7)

Who are they,deceiving ? We are the one feelings the pains.. - kizitosix037@gmail.com
This is just a news. Won't believe until I see it myself. - Sandra Chinasa
Let's be positive. - Lilian Nnedinso
Your comment:Scam every where,big lie,how can the world economy,knows what we experience daily in Nigeria,Recession is not over,don't decieve ur,we feels it stronger & tougher,RECESSION IS REAL HERE. - TOGHANRO.O.SAMSON.
So shall it be.Amen - Eze@gmail.com
That's absolutely good to hear.....I pray that things will continue turning in the right direction - Ibrahimmuhammad0092@gmail.com
na lie I no say na APC go be the fastest finger fight to repost those graphs to justify their big oga I mean, u don't need to tell people that recession is over. They will experience it by themselves. sorry recession is not over for a long short - yayahdrs8@gmail.com
World Clock

Lagos, Nigeria.

05:07 PM

Wasington D.C., USA.

12:07 PM

London, UK.

05:07 PM
End of Result